• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

3

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

3

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion

Primary care startup One Medical raises $40 million, plans more clinics

By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
April 17, 2014, 2:15 PM ET
Google source logo
Add Fortune on Google for similar content.
Tom Lee, an internal medicine physician, founded the San Francisco-based One Medical Group in 2007 after realizing how inefficient the average doctor’s visit could be.  Photo: One Medical Group.

FORTUNE — One Medical Group, the San Francisco primary care startup specializing in high-quality patient clinics, has raised $40 million in funding, bringing its total financial backing to $117 million, Fortune has learned. The latest round was led by Redmile Group, with participation from current institutional investors Benchmark Capital, Oak Investment Partners, and DAG Ventures.

According to CEO and founder Tom X. Lee, the funding will be used to open more clinics across the country — at least one more is scheduled to open this year in San Francisco. The money will also be used to invest further in One Medical’s iOS and Android mobile apps, and the company is expanding its enterprise program nationwide so any employer can enroll and offer One Medical Group’s service as an employee benefit. Currently, 60-plus organizations offer the startup’s services, including NBCUniversal, Adobe (ADBE), Uber, and Quantcast.

MORE: Google’s ad prices are down. So what?

Lee, a doctor of internal medicine, founded One Medical Group in 2007 after realizing that going to the doctor was a broken, inefficient experience. Doctors weren’t spending enough time with patients, patients were feeling herded along and rushed, and primary care groups weren’t taking advantage of newer technologies to improve the doctor-patient relationship.

One Medical Group attempts to offer a primary care experience that’s “much more thoughtful about the patient’s needs from a quality, care and convenience perspective,” according to Lee (pictured).

So with $3.5 million in early funding from Benchmark, Lee set about designing and executing a better primary care experience. Six years later, One Medical has over 150 health care professionals across 27 locations later in Boston, Chicago, Los Angeles, New York, San Francisco, and Washington, D.C. Patients pay an annual fee of between $149 and $199 and receive access to a primary care experience that Lee says is “much more thoughtful about the patient’s needs from a quality, care, and convenience perspective.”

To wit, “perks” of the service include the ability to schedule day-of appointments, request prescription refills, and seek treatment for common ailments, such as seasonal allergies via a mobile app; patients can also select their providers and fill out paperwork ahead of time online. And all patient records are electronic.

The actual doctor’s visit is also less rushed thanks to a better doctor-to-patient ratio: One Medical providers see at least 35% fewer patients daily than their typical counterparts. Adds Lee: “It’s about being able to have longer discussions around your health issues in thoughtful detail with someone who’s a helpful advocate vs. someone [who is] overly dogmatic.”

 

 

About the Author
By JP Mangalindan
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.